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$5,600,000
Active505 SE 16th St
Fort Lauderdale, FL 33316
THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale — 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated — no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites — serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, <10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped — pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
Property Details
- Lot Features
- City Location
- Stories
- 1
- Lot Description
- City Location
- Acres
- 0.492
- Lot Size (sqft)
- 21450.0
- Parking Features
- Additional Spaces Available, Common, Free Parking
- Property Type
- Purchase
- Year Built
- 1960
- Roof
- Other, Shingle
- Utility Source
- Well
- County
- Broward County
- Region
- Fort Lauderdale
- Zoning
- RO
- Original List Price
- $6,000,000
- Taxes Annual
- $12,784
- Ownership
- Corporation
- MLS #
- A11967447
- Property Subtype
- Hotel/Motel
- Fence
- 1
- Parcel Number
- 504215105000
- MLS #
- A11967447
- Structure Type
- Hotel
- Date Listed
- February 13, 2026
- Address
- 505 SE 16th St
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: Oct 1, 2026 7:01 AM. Source: MAOR
Listing Broker: Optimar International Realty; Rosa Poler; rosapoler@hotmail.com
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